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New3 hours ago

59 Barker Avenue

Danforth Village-East York, Toronto

$1,275,000

Detached|Bungalow
2 | 2 | 1
About this home

Discover the possibilities at 59 Barker Avenue! Situated on a generous 25 x 134 ft lot in desirable Danforth Village-East York, this detached bungalow offers a wonderful combination of comfortable living, versatility, and future potential. The main level features an inviting living and dining area, a functional kitchen with granite countertops, stainless steel appliances, a centre island, and comfortable bedroom accommodations. The finished basement, complete with a separate entrance, additional kitchen, bedroom, and living area, provides excellent flexibility for extended family, guests, or multigenerational living. Additional conveniences include two full bathrooms and laundry facilities on both levels. Step outside to a spacious deck overlooking a fully fenced backyard, offering plenty of room for entertaining, gardening, or simply enjoying your own private outdoor space. Ideally located near schools, parks, trails, shopping, the vibrant Danforth, Michael Garron Hospital, TTC transit, and the DVP. Whether you're looking for a place to call home, a property with flexible living arrangements, or an opportunity to explore future improvements or redevelopment possibilities (subject to municipal approvals), 59 Barker Avenue offers plenty of potential.With vacant possession and flexible closing available, this is an opportunity worth exploring!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size< 700 sq. ft.
Property Tax$4,291
Lot Size25 ft x 134 ft
mls© NumberE14099718
Listed ByNEW ERA REAL ESTATE

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$6,526
Property tax
$358
Heat allowance
$150
Housing costs
$7,034 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $255,000
25-yr amortization

Income needed

$216,000

gross annual household income

Payment at 4%
$5,365 / mo
Cash down
$255,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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